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What is Astar (ASTR)?

Astar basic info

Name:Astar

Ticker:

ASTRBuy now

Introduction:

Developers looking to build decentralized applications (dApps) and layer 2 solutions can turn to Astar Network for a range of resources. Their web 3.0 infrastructure is interoperable and comes with financial incentives, incubation programs and technical support. One of Astar Network's unique offerings is their support for both EVM and WASM smart contracts, which can co-exist and communicate with each other on their parachain.

What Makes Astar (ASTR) Unique?

Astar aims to become a robust multi-chain smart contract platform that supports a range of layer 2 solutions, blockchains, and virtual machines. This project is built on Parity Substrate, a blockchain-building platform for web 3.0. By leveraging Substrate, networks like Astar can take advantage of features such as upgradable blockchains, customizable block execution logic, modular architecture, and hot-swappable consensus. In essence, it's a framework that streamlines blockchain development.

What are the features of Astar?

Some of its features include Operator Trading, which allows you to tokenize smart contracts, transfer ownership, or assign other users as operators.

Another feature is Multi-Lockdrop, a modified Lockdrop that distributes tokens across a network. Participants can receive native tokens by locking tokens for a set period of time.

Additionally, Astar's monetization model offers a reward system for dApp developers who add value to the ecosystem. 50% of the reward per block is distributed among developers of dApps, 10% to nominators, and 40% to operators. Validators receive the remaining 50%. This model encourages nominators to stake on smart contracts, which ultimately increases the value of the ASTR token.

How Is the Astar Network Secured?

ASTR utilizes a nominated Proof-of-Stake (NPoS) consensus mechanism and operates as a Polkadot Parachain. As a result, it takes advantage of Polkadot's segmented design and shared security umbrella, benefiting from both scalability and security.

What is the future of Astar?

Based on market analysis, Astar's projected price by 2031 is estimated to be $0.64 at a minimum. The average trading price for Astar throughout 2031 is anticipated to be $0.65, with the potential to reach a high of $0.67. Market specialists predict that Astar's maximum trading price will likely be around $0.65.

Who Are the Founders of Astar?

Sota Watanabe, a blockchain pioneer who was featured in Forbes30 Under 30 Asia in 2022, founded Astar in 2019. Astar is a multi-chain smart contract platform that was launched on Polkadot in January 2022. The company behind Astar, Stake Technologies, is headquartered in Singapore and operates from Japan. It's interesting to note that Sota Watanabe, who founded Astar, is also the CEO of Stake Technologies.

Current price:

$0.06006More price details

All-time high:$0.3353

All-time low:$0.03219

ASTR supply and tokenomics

Circulating supply:7,433,830,400 ASTR

Total supply:8,311,563,600 ASTR

Max supply:0 ASTR

Market cap:$446.47M

Fully diluted market cap:$499.18M

Token allocation:

Users and Early Supporters

30.00%

Parachain Auctions

30.00%

Protocol Development

10.00%

Ecosystem Growth

10.00%

Parachain Auctions Reserve

5.00%

On-Chain DAO

5.00%

Marketing

5.00%

Team

5.00%

Tokenomics:

Uniqueness

The goal of the Astar project is to become a full-scale multi-chain smart contract platform that supports various layer 2 solutions, blockchains and virtual machines.

The network is built on Parity Substrate - a web 3.0 blockchain-building platform. Networks like Astar that build on Substrate benefit from features like upgradable blockchains, modular architecture, customizable block execution logic, and hot-swappable consensus. In other words, it's a framework built specifically for quick and easy blockchain development.

In addition to the Substrate modules, Astar offers features such as:

Operator trading: a mechanism for buying and selling dApps that allows you to tokenize smart contracts, transfer ownership to other users, or assign other users as operators.

Multi-Lockdrop: a modified Lockdrop which lets you distribute tokens across a network. Participants lock tokens from other blockchains for a pre-set time period, and native tokens are distributed between token holders over time. This method encourages users to participate in the life of the network.

DApps staking & dApp rewards: Astar’s monetization model centers on a reward system for dApp developers who contribute to the growth of the ecosystem and add value to Astar Network. There’s a division of the reward per block, where 50% of the reward is distributed among developers of dApps (10% to nominators and 40% to operators aka smart contract administrators), and the other 50% is distributed among validators. This instrument encourages nominators to stake on smart contracts, which in turn increases the value of the ASTR token.

Links

Website:https://astar.network/

Whitepaper:https://docs.astar.network/

X:https://twitter.com/AstarNetwork

GitHub:https://github.com/AstarNetwork/Astar

Buy Astar for $1Buy ASTR now

What is the development prospect and future value of ASTR?

The market value of ASTR currently stands at $446.47M, and its market ranking is #161. The value of ASTR is widely recognized by the market. When the bull market comes, the market value of ASTR will likely continue to increase.

Moreover, if ASTR can play a greater role in practical applications, such as Astar builders fully leveraging the potential of ASTR, partnering with more businesses, and increasing its user base, the long-term value of ASTR will be significantly enhanced.

What will the price of ASTR be in 2025?

Based on ASTR's historical price performance prediction model, the price of ASTR is projected to reach $0.1035 in 2025.

What will the price of ASTR be in 2030?

In 2030, the ASTR price is expected to change by -10.00%. By the end of 2030, the ASTR price is projected to reach $0.1556, with a cumulative ROI of +140.96%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of ASTR and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

ASTR price ASTR price prediction ASTR news

Is ASTR worth investing or holding? How to buy ASTR from a crypto exchange?

If you want to buy ASTR, the following information may be helpful for your investment decisions:

In the last 7 days, the price of ASTR has fallen by -16.87%, leading to negative returns for most ASTR investors. The market is currently pessimistic about the price trend of ASTR.

It is important to note that the current price of ASTR has retreated by -82.09% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether ASTR is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in ASTR or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of ASTR, if you want to buy or sell ASTR, you can consider Bitget for your trading needs. The best place to buy ASTR is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Astar has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Astar. Here's a step-by-step guide on how to buy Astar on Bitget.

Buy ASTR now Coin buying guide

How to get Astar through other methods？

Using cash to buy Astar is not the only way to obtain Astar. If you have the time to spare, you can get Astar for free.

Learn how to earn Astar for free through the Learn2Earn promotion.

Earn free Astar by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Astar airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Astar through Bitget Convert, Bitget Swap, or spot trading.

What is Astar used for and how to use Astar?

The use case of Astar may expand as the crypto market and the project itself develop. Currently, you can use ASTR to achieve the following goals:

Arbitrage by trading ASTR: Since ASTR is a frequently traded cryptocurrency, the price of ASTR is always fluctuating. Earn more ASTR by buying low and selling high on the exchange. Bitget spot market provides a variety of ASTR trading pairs to fully meet your needs.

Earn by staking ASTR: You can also generate income through financial management methods such as staking ASTR or lending ASTR. Bitget Earn offers a variety of financial products designed to help you earn more income from your ASTR.

Send or pay ASTR: If you want to give ASTR to your friends, a charity, or a fundraiser, or you want to pay someone with ASTR, you can quickly and easily send ASTR to the recipient through their payment address.

You can also go to the official website of the Astar project to learn more about the use cases of ASTR. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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